West Australian building company Jaxon Construction is entering liquidation, with operations within the group ceasing.The union says builders are taking contracts with too low marginsThe move affects four sites in Western Australia.
The Construction, Forestry, Maritime, Mining and Energy Union's state secretary Mick Buchan said Jaxon's liquidation was not a surprise."Developers are hanging on to their 20 per cent-plus margins where builders and subcontractors alike are entering these projects with very little margin if not a negative margin.
The projects have been described by liquidator EY as being in various stages of "commencement or completion".
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